Door and Cabinet Hardware Distributor - SBA Pre approved

CO

Door and Cabinet Hardware Distributor - SBA Pre approved
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Asking Price: $1,250,000

Cash Flow: $537,130

Gross Revenue: $2,525,690

EBITDA: N/A

FF&E: $250,000

Inventory: $50,000*

Real Estate: N/A

Established: 2003

*not included in asking price.

Door and Cabinet Hardware Distributor - SBA Pre approved

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Business Description

Excellent reputation - High quality products - Great cash flow

The company is a well-established decorative hardware distributing/retailing business with an excellent reputation, family-owned and operated since 2003, and representing the finest and most exquisite manufacturers of cabinet, door and bathroom hardware in the industry. As a top national dealer consistently praised for the products carried, not only do they offer best “national” pricing, but they also handhold the order to ensure customer satisfaction.

Based in the heart of the Rocky Mountains of Colorado, the company has a stunning showroom where clients can browse an extensive display of unique and diverse products. Many comment that the variety of its distinct products cannot be found even in larger markets. The company caters primarily to Rocky Mountain resort communities, but their clientele spans from the local homeowner to the international jetsetter. In reality, they’ve worked on projects around the country.

Excellent service and premium quality are the cornerstones of the company’s stellar reputation. Their focus is on the sale and installation of products crafted mostly in the USA and of the highest quality materials.

Purchase Considerations:

- Established business with an excellent reputation.
- Experienced staff of knowledgeable salespeople, supported by the technical expertise of the company’s design and installation teams
- Located in Colorado, with the company is primed for expansion into new markets
- Lucrative customer base that is insulated from economic downturns; >90% of existing clients hire the company for multiple projects.
- Focus on catering to Rocky Mountain resort communities, but with a clientele that spans from the local homeowner to big celebrities with properties around the globe.
- Consistent and reliable financial performance throughout the years
- Large beautiful showroom displaying unrivaled product offerings
- Immediate growth opportunities include social media and digital advertising which traditionally has not been done
- $2.525 million in revenue and $535,000 in SDE, for the Trailing Twelve Months (June 2018 – May 2019)
- SBA Loan Pre-Approved. The company’s financials have been reviewed and approved by a preferred SBA Lender for financing based on the full purchase price.
The owner is seeking to sell 100% of the company for $1,250,000. The successful buyer has the opportunity for immediate, consistent revenue and untapped easy growth in this truly turnkey business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
4,000
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business facilities are owned by the seller and are available for purchase or lease at market rates. The lease rate is $20/sq. ft. The list price of the real estate can be shared separately with any potential new buyers interested in acquiring the facilities.
Competition:
The company has one of the largest showrooms dedicated to their category in the state and is recognized nationally as a top 10% producer. Being the largest and most prominent building hardware business in the area also helps the company secure more referrals than the average distributor. The company faces slight competition from other distributors located in Colorado.
Growth & Expansion:
Building materials distributors facilitate purchasing relationships between manufacturers and thousands of contractors and resellers. As an integral part of the construction industry’s supply chain, distributors maintain local inventory, provide technical expertise, and extend credit to customers, many of whom are small, independent contractors. Sales for the US building materials distributors industry are forecast to grow at a 4.36% compounded annual rate from 2017 to 2023, comparable to the growth of the overall economy (Vertical IQ).
Support & Training:
Negotiable based on experience of buyers
Reason for Selling:
Owners want to retire soon; empty nesters looking to make a change
Business Website:
http://listing.raincatcher.com/listing/doorandcabinethardware/
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Keith Marlow

Business Listed By:
Keith Marlow

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Keith Marlow

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